Going by circulars, SEBI has defined the manner of handling the unclaimed amounts lying with REITs, InvITs, and in the escrow accounts of the listed entities (which are not companies), transfer of such amounts to IPEF and claim thereof by the investors.
Among the entrants, Adani Power’s m-cap was the highest at Rs 1.52 trillion, DLF at Rs 1.47 trillion and Hindustan Aeronautics with a m-cap of 1.37 trillion. Jio Financial Services, which listed on the Indian markets on August 21 (Monday), climbed to the Rs 1 trillion-mark on the very same day.
Adani Group: CEO Scott Nathan that DFC works to drive private sector investments that advance development and economic growth while strengthening the strategic positions of our partners. That’s what we’re delivering with this infrastructure investment in the Port of Colombo.
Reserve Bank of India news: Manoranjan Mishra is a post-graduate in economics and MBA (banking and finance). He also holds a master's degree in finance and financial regulation from Aston Business School, UK.
Baap of Chart SEBI: In its 45-page interim order cum show cause notice, SEBI found that Rs 17.21 crore has been accumulated during a period of just over two years from carrying out investment advisory activities, which are both unregistered and fraudulent.
Zepto news: Ankit Agarwal said his focus will be on building a product team that makes the "most customer-obsessed choices, and at the same time operates with very high financial discipline."
The WFDSA report mentioned that the global direct selling industry reported a decline of 1.5 per cent in 2022 to USD 172.89 billion.
The RBI Governor-headed six-member Monetary Policy Committee's meeting is scheduled on August 8-10. The policy decision will be announced on August 10 by Governor Shaktikanta Das.
Nirmala Sitharaman on GST: Finance Minister added that many common-use items and services have been exempted from GST for the benefit of the people.
Noting India as one of the fastest-growing large economies in the world, it said the country's energy demand is expected to grow rapidly as the economy expands.
Go First update: Earlier, the airline said that operations would remain cancelled till June 22 (Thursday). Aircraft of the cash-strapped carrier have been grounded since May 3.
2023 marks a defining moment for the logistics industry as it is likely to see progress on efficient transportation, resource deployment and optimisation.
In a major blow to its passengers, the low-cost airline stopped flying on May 3 and is undergoing voluntary insolvency resolution proceedings before the National Company Law Tribunal.
Revenue from operations grew by 10.04 per cent from Rs. 153.47 crore in Q4 FY22 to Rs. 168.89 crore in Q4 FY23 primarily driven by robust demand for various products in the domestic and international markets.
The company board has recommended an equity dividend of Rs 5 per share of face value of Rs 10 each i.e. @ 50% for the financial year ended March 31, 2023.
Tax collection in India: While speaking to media, Bhalla said reduction in tax rate is required to accelerate the pace of economic growth.
The company's board of directors has approved a final dividend of Rs 0.50 per share of Rs 10 each for FY23, according to a statement.
Business news: FPIs have been continuous buyers during the last 12 trading sessions. In May, through 12th, they bought equity for Rs 18,617 crore. Financials continue to be the favourite sector of FPIs. They were buyers in capital goods and autos too.
Commerce and Industry Minister Piyush Goyal is one of the co-chairs along with External Affairs Minister (EAM) S Jaishankar and Union Minister of State for Electronics and Information Technology (MeitY) Rajeev Chandrasekhar.
The 30-share BSE Sensex rallied 709.96 points or 1.16 per cent to settle at 61,764.25. During the day, it jumped 799.9 points or 1.31 per cent to 61,854.19.
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